A number of other research firms have also issued reports on PII. Royal Bank Of Canada lowered shares of Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 target price for the company. in a research note on Friday, July 21st. Robert W. Baird lowered shares of Polaris Industries from an outperform rating to a neutral rating and boosted their target price for the company from $88.00 to $96.00 in a research note on Friday, July 21st. Lake Street Capital boosted their target price on shares of Polaris Industries from $102.00 to $106.00 and gave the company a buy rating in a research note on Friday, July 21st. B. Riley reissued a neutral rating and set a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Finally, TheStreet raised shares of Polaris Industries from a c rating to a b- rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Polaris Industries presently has an average rating of Hold and a consensus target price of $88.13.
Polaris Industries (PII) opened at 89.32 on Thursday. The firm has a market cap of $5.59 billion, a P/E ratio of 37.36 and a beta of 1.31. The firm has a 50-day moving average of $90.40 and a 200 day moving average of $87.01. Polaris Industries has a 1-year low of $70.14 and a 1-year high of $99.16.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. Polaris Industries’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. On average, analysts predict that Polaris Industries will post $4.47 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.60%. Polaris Industries’s payout ratio is currently 97.07%.
Several hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its stake in Polaris Industries by 13.3% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock worth $340,000 after buying an additional 478 shares during the last quarter. Bancorpsouth Inc. acquired a new stake in Polaris Industries during the first quarter worth approximately $244,000. Schroder Investment Management Group increased its stake in Polaris Industries by 719.9% in the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after buying an additional 212,396 shares during the last quarter. Staton Financial Advisors LLC increased its stake in Polaris Industries by 3.1% in the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after buying an additional 1,203 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Polaris Industries by 1.6% in the first quarter. Blair William & Co. IL now owns 7,109 shares of the company’s stock worth $598,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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